Residential Income Property with Roof
For Sale
$785,000
1119 PINE STREET Unit 206, Philadelphia, PA 19107
Renovated bi-level condominium with park views, private garage parking, and a flexible two-bedroom layout.
Property Size1,412 SF
Days on Market56
Property Features for 1119 PINE STREET Unit 206
General Information
Standard status
Active
Size
1,412 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,098
Amenities
private roof deck
wood-burning fireplace
walk-in pantry
laundry
built-in shelving
double vanity
office alcove
water and electric access on roof deck
floor-to-ceiling windows
walk-in closet
Building Details
Building Size
1,412 SF
Year Built
1990
Listing Agency:
KW Empower
Listed By:
Noah Berson · License #RS331398
(215) 206-9766
Source:
Patmckennarealtors
Added: Sep 7
Changed: Oct 31
Last Checked: Oct 30 at 10:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
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Investment Insights
Based on property information with market context.
This bi-level condominium at 1119 Pine Street, Unit 206, combines renovated interiors with a private outdoor retreat overlooking Kahn Park. The home includes 2 bedrooms, 2.5 baths, floor-to-ceiling windows, and an opened kitchen connected to the living and dining areas. A walk-in pantry provides built-in shelving and full-size laundry, while the main level also includes a wood-burning fireplace, powder room, coat storage, and additional built-ins. Upstairs, the primary suite offers park views, built-in closets, and a renovated bathroom with double vanity. The second bedroom includes an office alcove and access to a renovated hall bath.
A private staircase leads to an approximately 400+ square foot roof deck with Center City skyline and park views. Water and electric access support outdoor dining and entertaining. Underground garage parking space #6 is included. The property was built in 1990 and is located in Washington Square West, Philadelphia, near Kahn Park.
A private staircase leads to an approximately 400+ square foot roof deck with Center City skyline and park views. Water and electric access support outdoor dining and entertaining. Underground garage parking space #6 is included. The property was built in 1990 and is located in Washington Square West, Philadelphia, near Kahn Park.
Key Highlights
- Approximately 400+ square foot private roof deck with water and electric access
- 2‑bedroom, 2.5‑bath bi‑level condominium
- Renovated kitchen, primary bathroom, and hall bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,210
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,200
$444.2K
Cap Rate 7%
$317,286
$317.3K
Cap Rate 9%
$246,778
$246.8K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$42.9K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.4K $28.60/SF
− OpEx
−$18.2K −$12.87/SF
NOI
$22.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,200
Cap Rate 7%
$317,286
Cap Rate 9%
$246,778
Alternative Uses
Best Use
Apartment 5plus
$317.3K
$277.6K – $370.2K
NOI $22,210 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$344.2K
$301.2K – $401.6K
NOI $24,096 @ 7.0% cap · market cap 3.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
23,668
Businesses Nearby
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Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated bi-level condominium with park views, private garage parking, and a flexible two-bedroom layout.
Where is this residential income property located?
The property is located at 1119 PINE STREET Unit 206 Philadelphia, PA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Approximately 400+ square foot private roof deck with water and electric access; 2‑bedroom, 2.5‑bath bi‑level condominium; Renovated kitchen, primary bathroom, and hall bathroom
